We would rather refer to retirement planning as planning for your longevity. Thanks to many medical breakthroughs and preventative medicine, many individuals are living to be 100! People are staying active well into their 90s, thereby making “longevity planning” a necessity! And, “retirement” is something people do at night when the day is done….
Selling a business, retiring from employment, obtaining financial independence – these all require wise financial groundwork. The most important decision you will make is choosing your desired lifestyle. What kind of lifestyle do you want to enjoy? And how can your available resources be utilized to provide an ongoing income to sustain it?
Departure from the working class doesn’t mean that you completely relinquish earning wages or keeping a finger on your investment portfolio. However, it does mean you have options that may differ from when you were earning a larger income. The choices you make today regarding your savings, investments, retirement plans, and social security for income replacement, will be the deciding factors of whether you can enjoy the lifestyle you have chosen well into the future. The effects of inflation and economic risks are factors that need careful consideration when planning your investment strategy and the preservation of your nest egg. Plan early as there are clever wraps to maximize pension & social security benefits too including benefits for your minor children
Longevity projections, tax analysis and investment advice are valuable services that True Financial can provide to help you secure the peace of mind that comes from knowing that your financial future is secure.
Securities and advisory services offered through Financial Advisers of America, LLC, member FINRA/SIPC. Eileen M. Proud and Robert F. Redwanc offer Advisory services offered through (True Financial Wealth Management Firm LLC (TFWMF) a registered investment advisor. Financial Advisers of America, LLC and (True Financial Wealth Management Firm LLC (TFWMF)) are not affiliated.
